There are plenty of things to consider when thinking about fleet funding and how to effectively manage these costs. From outright purchase, rental and contract hire, fleets have a range of different vehicle funding options to them. As well as considering a few of the points below;

  • Available funding for vehicles vs utilising the same cash for core company needs.
  • Type of vehicles operated.
  • Importance of budgeting/cash flow.
  • Fleet management expertise available.
  • Tax implications of different funding routes.
  • Balance sheet implications, if appropriate.
  • Attitude to risk and exposure to maintenance and residual value costs.
  • How central managing a fleet is to the business concerned.
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